1-3 show work please

L M 5 1) The following information is from the materials requisitions and time tickets for Job 9-1005 completed 16 by Jackson's Jet Skis. The materials requisitions are identified by code numbers starting with the letter 7 Q and the time tickets start with W. At the start of the year, management estimated that overhead cost 8 would equal 110% of direct labor cost for each job. Create a simple job cost card showing the cost of 9 labor, materials & overhead and the total cost for Job 9-1005. 10 11 12 Date Document Amount 13 7/1/2009 Q-4698 $ 2,500 14 7/1/2009 W-3393 1,200 7/5/2009 Q-4725 2,000 16 7/5/2009 W-3479 900 17 7/10/2009 W-3559 600 18 19 20 2) A company allocates overhead at a rate of 150% of direct labor cost. Actual overhead cost for the current 21 period is $480,000, and direct labor cost is $311,000. Prepare the entry to close over- or underapplied 22 overhead to cost of goods sold. 23 24 25 26 3) Penn Company uses a job order cost accounting system. In the last month, the system accumulated 27 labor time tickets totaling $25,600 for direct labor and $4,300 for indirect labor. These costs were 28 accumulated in Factory Payroll as they were paid. Prepare the entry that Penn should make to assign 29 the Factory Payroll. 30 31 O